FERRARI NV (RACE) Stock Technical Analysis
USA - NYSE:RACE - NL0011585146 - Common Stock
Overall RACE gets a technical rating of 0 out of 10. RACE's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
RACE has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 408.32. Right above this resistance zone may be a good entry point.
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387.52
When analyzing the support we notice one important area.
- Support @391.43 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 5 important areas.
- A resistance zone ranging from 408.32 to 408.32. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 440.23 to 442.06. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @486.39 from a horizontal line in the daily time frame.
- Resistance @495.19 from a horizontal line in the daily time frame.
- A resistance zone ranging from 503.84 to 508.15. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | DOWN | NEGATIVE | The long term trend for RACE is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for RACE is down. |
| ChartMill Relative Strength | 14.99 | NEGATIVE | RACE has a low relative strength, it was outperformed by 85.01% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of RACE is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of RACE is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of RACE is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 32.88 | NEUTRAL | The RSI value for RACE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.7 | POSITIVE | The MACD value suggests RACE has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 45.33 | NEUTRAL | The Stochastics value for RACE is a neutral value. |
| Average True Range in percent/ATR (20) | 3.5 | MEDIUM VOLATILITY | The ATR as a percentage value for RACE suggests some volalility. |
| Average Directional Index/ADX (14) | 32.26 | POSITIVE | The high ADX value value for RACE suggests a strong trend. |
391.44
-10.83 (-2.69%)
FERRARI NV / RACE FAQ
Can you provide the ChartMill technical rating for FERRARI NV?
ChartMill assigns a technical rating of 0 / 10 to RACE.
What is the current trend direction of FERRARI NV (RACE) stock?
The current trend direction for FERRARI NV (RACE) is Bearish.
Can you provide the RSI signal for FERRARI NV?
FERRARI NV (RACE) has an RSI value of 32.8799. This indicates that the stock is currently neutral.
What is the buy/sell signal for FERRARI NV (RACE) stock?
The buy/sell signal for FERRARI NV (RACE) is sell as both the short term and long term trends are negative.
What are the support and resistance levels for FERRARI NV (RACE) stock?
FERRARI NV (RACE) has a support level at 391.43 and a resistance level at 408.32. Check the full technical report for our detailed analysis of RACE support and resistance levels.